Us retail sales

Viet Nam News HÀ NỘI — Việt Nam’s total revenue from retail sales and services in the first half of this year had maintained high growth since the beginning of the year, according to the General Statistics Office (GSO) Retail goods and services posted a revenue of nearly VNĐ2.12 quadrillion (US$94 billion) in the first six months of 2018, a year-on-year rise of 10.7 per cent. If inflation was excluded, the increase would be 8.3 per cent, higher than the 7.9 per cent growth seen in the first five months of 2017, the GSO said. An abundant supply of essential goods and stable prices had spurred local trade and lifted purchasing power during the period, Vũ Mạnh Hà, a GSO statistician, said. Retail sales of goods, which accounted for 75.3 per cent of the total revenue, reached an estimated VNĐ1.59 quadrillion ($70.9 billion) with several products recording strong increases, including food and foodstuffs (12.4 per cent), garments … [Read more...] about Retail sales continue positive growth in H1

Vietnam’s total revenue from retail sales and services in the first five months of this year maintained a high growth since the beginning of the year. Vietnam’s total revenue from retail sales and services in the first five months of this year maintained a high growth. - Photo hanoimoi.com.vn This was partly due to improving living standards of the people, according to the General Statistics Office (GSO). The total revenue rose by 10.1 per cent year-on-year to VND1.75 quadrillion (US$76.4 billion) in the first five months, said GSO. If inflation were excluded, the increase would be 8.3 per cent, higher than the 7.5 per cent growth recorded in the first five months of 2017, it said. The high growth rate was up by 9.5 per cent in the first month, by 10.09 per cent in the first two months, by 9.9 per cent in the first three months, by 10.8 per cent in the first four months and by 10.1 per cent in the first five months. Vu Manh Ha, domestic economy expert at GSO, said … [Read more...] about Retail sales, services revenue up by 10.1pc

Viet Nam’s total revenue from retail sales and services in the first five months of this year maintained a high growth since the beginning of the year. This was partly due to improving living standards of the people, according to the General Statistics Office (GSO). The total revenue rose by 10.1 per cent year-on-year to VND1.75 quadrillion (US$76.4 billion) in the first five months, said GSO. If inflation were excluded, the increase would be 8.3 per cent, higher than the 7.5 per cent growth recorded in the first five months of 2017, it said. The high growth rate was up by 9.5 per cent in the first month, by 10.09 per cent in the first two months, by 9.9 per cent in the first three months, by 10.8 per cent in the first four months and by 10.1 per cent in the first five months. Vu Manh Ha, domestic economy expert at GSO, said the high growth in revenue showed an increase in people’s purchasing power and medium-income people as well as stability in price and high supply of … [Read more...] about Retail sales, services revenue up by 10.1%

Retail spending in the world's largest economy slowed sharply in April, retreating from March's booming pace, but still grew at a healthy rate, according to government data released on May 15. Retail spending rose 0.3 percent for the month, reaching US$497.6 billion, matching economists' expectations but much slower than March's 0.8 percent jump - Photo: AFP The solid result could contribute to a rebound in GDP growth in the second quarter of the year, especially after sales figures for March were better than initially reported. Retail spending rose 0.3 percent for the month, reaching US$497.6 billion, matching economists' expectations but much slower than March's 0.8 percent jump, according to the Commerce Department. Sales remain a healthy 4.7 percent stronger than the same month last year. Economists said on Tuesday that an upward revisions for March and February meant the April numbers were actually better than they looked as they made the monthly increase appeared … [Read more...] about US retail spending slows in April

Viet Nam’s total revenue from retail trade and services rose 10 per cent year-on-year to exceed VND1 quadrillion (US$46.57 billion) in the first quarter of this year, according to the General Statistics Office (GSO). If inflation were excluded, the increase would be 8.6 per cent, much higher than 6.4 per cent growth recorded in the same period last year, GSO said. The growth also reflected high purchasing power, which contributed significantly to gross domestic product (GDP) growth of 7.38 per cent – a record in the first quarter in the past 10 years, GSO experts said. Head of the GSO Nguyen Bich Lam said the strong consumption also signaled that the economy is on track for stable development. In the first three months, retail sales of goods, which accounted for more than 75 per cent of total retail trade and services revenue, topped $35.22 billion, up 10.5 per cent year-on-year. Sectors posting a positive revenue increase included food and foodstuff (up 12 per cent), … [Read more...] about Nat’l retail sales surge 8.6% in Q1

The retail sales increase has been attributed to the bustling trade activities due to the increasing consumption demand as the Lunar New Year (Tet) festival approaches. The GSO reported the total retail sales of goods at VND272 trillion (US$11.97 billion) in January, up 3.5% against the previous month and 8.3% against the corresponding period in 2017. Household appliances and equipment posted the highest increase at 4.7% over the previous month, followed by garments and food with increases of 4.4% and 4.1%, respectively, in comparison to the previous month. Meanwhile, the retail sales of accommodation and catering services were estimated at VND45.1 trillion (US$1.98 billion), up 0.5% over the previous month and the retail sales of travel services reached VND3.9 trillion (US$171.6 million), a rise of 3.9% against the previous month, reported the GSO. The retail sales of other services was calculated at VND40.1 trillion (US$1.76 billion), an increase of 1.8% against the previous month. … [Read more...] about January retail sales up 3% due to growing consumption demand for Tet

Total revenue from retail trade and services reached VND361 trillion (US$15.84 billion) in January, surging 3 per cent over December and 9.5 per cent over the same month last year. If inflation were excluded, the amount marked a year-on-year increase of 8.4 per cent, a report of the General Statistics Office (GSO) revealed. Retail sales of goods topped more than VND272 trillion ($11.93 billion), up 3.5 per cent month-on-month and 8.3 per cent year-on-year as domestic firms focused on stockpiling goods to meet rising demand of local consumers for the forthcoming Lunar New Year (Tet) holiday, GSO said. The sectors recording a positive revenue increase include home appliances (up 8 per cent), food and foodstuff (up 7.5 per cent) and transport services (up 5.6 per cent). Meanwhile, retail sales in accommodation, restaurant and catering services experienced a yearly increase of 15 per cent to VND45.1 trillion ($198 million), thanks to a strong increase in the number of international and … [Read more...] about Retail sales up 9.5% in January

The sector will also strive to obtain 10% growth in total export revenue via the city’s ports in 2018.Speaking at a December 29 meeting to review the department’s performance and set tasks for next year, Nguyen Tien Dung, head of the department’s finance bureau, said the industry and trade fields had outstanding growth rates this year with a 7.9 percent increase of growth rate in the IIP, 11.32% growth in the total retail sales of goods and services and 10.8% growth in export turnoverThe industry and trade fields gained added value of over VND355.6 trillion (US$15.6 billion), accounting for 33.5% of the city’s Gross Regional Domestic Product (GRDP), he said.Industrial production developed in a stable manner both in the short and long-term, he said, adding that modern trade infrastructure, with an increase of 18 supermarkets, three commerce centres and 218 convenience stores, together with online retail, contributed to boosting total retail sales in the city.The … [Read more...] about HCM City targets 10% growth in retail sales, export revenue

Jan retail sales grow 11.7% y-o-yHung Le By Hung Le - The Saigon Times Daily HCMC – Total retail sales of goods and services amounted to around VND297.7 trillion (US$13.2 billion) in January, up 3.5% month-on-month and 11.7% from a year earlier, according to the General Statistics Office (GSO). January saw enterprises stocking up on materials to produce goods for the upcoming Lunar New Year (Tet) holiday, which kicks off on February 8, while customers’ demand surged. Sales of clothing, hats and footwear edged up due to cold weather in the northern part of Vietnam. Retail sales of goods stood at VND226.6 trillion last month, up 4.1% against last December and 12% year-on- year. Of which, apparel revenue climbed by 6.2% month-on-month and by 12.9% year-on-year. The respective revenue increases were 5.6% and 11.5% for food and foodstuff and 5.1% and 15.1% for household appliances in the first month of this year. Revenues of hotel and catering services stayed at VND35.1 trillion … [Read more...] about Jan retail sales grow 11.7% y-o-y

Retail sales grow mildly on sluggish demandTu Hoang By Tu Hoang -The Saigon Times Daily HANOI – Total retail sales of goods and services in the year to date have picked up a mere 4.6%, excluding the price hike factor, says a report by the General Statistics Office on Sunday. Such a growth rate is modest compared to the average of 7% in recent quarters, pointing to the extremely low demand. Over the same period last year, the total retail sales have risen 11.8%, reaching VND849.9 trillion. In the first four months, the index of industrial production (IIP) is estimated to increase 5% year-on-year, versus 5.9% in the year-ago period. The mineral industry sees growth of 2.1% in IIP, while the processing-manufacturing sector records 5.5% and the power industry registers 9%. In the same period last year, their IIPs have picked up 3%, 6% and 12.9% respectively. IIP in HCMC goes up 3.9% over the same period last year and Hanoi witnesses a rise of 4.7%. The IIP increase of Dong Nai is 7%, … [Read more...] about Retail sales grow mildly on sluggish demand